Azure Power Global Limited announced two changes to its Board of Directors. Mr. Richard Payette, FCPA, GCB.D, will join the Board as an Independent non-executive Director on the Company's Board effective July 1, 2023. Mr. Payette is a business leader with over four decades of experience in management of global companies and accounting and audit matters.

He currently serves as a director of Export Development Canada (EDC), Canada's export credit agency wholly owned by the Government of Canada and the Canadian Public Accountability Board (CPAB), a regulatory body charged with overseeing audits of Canadian reporting issuers. Earlier, he served as Chair of the boards of the Canadian Chamber of Commerce and Fédération de chambres de commerce du Québec. From 2016 until 2020, he served as President and CEO Québec of Manulife and was the CEO for the Americas region at BDO International between 2010 and 2015.

He worked with Raymond Chabot Grant Thornton since 1982 until 2009, lastly as the President and CEO. Mr. Payette is also a member of the advisory boards of Lemay and LexRockAI. His area of expertise includes organisational transformation, international market development, finance, audit, governance and risk management.

He is a Fellow of the Chartered Professional Accountants of Canada and holds an ESG Certification and designation. Mr. Payette will take over as Chair of the Audit & Risk Committee and will also join the Board of Azure Power India Private Limited, a subsidiary of the Company. Christine McNamara, Independent non-executive Director and current chair of Audit & Risk Committee has decided to resign from the Company's Board effective June 26, 2023.

Her decision to step down from the Board is necessitated due to her commitments towards family health matters. Christine's decision to resign was not the result of any disagreement with the Company's operations, policies, or procedures.